Dividends on the Series C Preferred Stock are cumulative from the date of original issue and will be payable on the 31st day of each January, July and October and on the 30th day of April commencing July 31, 2013 when, as and if declared by our board of directors. Dividends will be payable out of amounts legally available therefore at an initial rate equal to 9.00% per annum per $100.00 of stated liquidation preference per share. Before this offering, there has been no public market for the Series C Preferred Stock.
Commencing on May 17, 2018, we may redeem, at our option, the Series C Preferred Shares, in whole or in part, at a cash redemption price of $100.00 per share, plus any accrued and unpaid dividends to, but not including, the redemption date. The Series C Preferred Shares have no stated maturity, will not be subject to any sinking fund or other mandatory redemption, and will not be convertible into or exchangeable for any of our other securities.
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United Rentals is a holding company. Through its subsidiaries, Co. is an equipment rental company that operates throughout the U.S. and Canada. Co.'s general rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities for construction and industrial companies, manufacturers, utilities, municipalities and homeowners. The specialty segment includes the rental of specialty construction products such as trench safety equipment, power and heating, ventilating and air conditioning equipment, fluid solutions equipment, and mobile storage equipment and modular office space. Preferred: GFNCP Open the URI Information Page » |
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